Barcelona have sold a further 15% of their domestic TV rights to global investment firm Sixth Street, the club said on Friday, with sources telling ESPN the deal is worth around €320m.
Sources have told ESPN that Barca hope the sale will allow them to register summer signings of Franck Kessie, Andreas Christensen, Raphinha and Robert Lewandowski.
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Barca will also use the money to re-sign Sergi Roberto and Ousmane Dembele for LaLiga after the duo signed new deals, while president Joan Laporta says the club will now try to strengthen the defence.
Sixth Street have now bought 25% of Barca’s LaLiga television rights earnings for the next 25 years after they bought 10% for €207.5m at the end of June.
The rights were worth €165.6m in the 2020/21 season – figures are not yet available for last season – leaving Sixth Street with €41.4m a year from the deal based on these figures, which will fluctuate will earn.
Over 25 years, that would equate to just over €1 billion at their initial investment of €527.5 million.
It continues Sixth Street’s investments in the sport of recent years. The company also recently entered into a partnership with Real Madrid regarding the operation of the Bernabeu.
They also own a 20% stake in the San Antonio Spurs and are the majority owners of Legends, in partnership with the New York Yankees and Dallas Cowboys.
Last month’s deal with Sixth Street prevented Barca from ending the 2021-22 financial season in losses but sources told ESPN the money wouldn’t increase their transfer budget this summer.
However, sources at the club told ESPN earlier this month that the sale of a further 15% of their domestic media rights would help them tackle the squad overhaul demanded by manager Xavi Hernandez this summer.
The operation will help increase the spending limit imposed by LaLiga, which stands at -144 million euros – the only negative cap in the league – but which is constantly being revised by the Spanish league.
Barca’s squad costs last season – which include wages and depreciation, among other things – totaled around €560m.
If that figure can be reconciled with LaLiga’s spending cap, Barca can spend at a 1:1 ratio, meaning they can invest one euro for every euro they earn on transfers or save on wages.
From today’s perspective, they are currently limited to a 1:3 or 1:4 ratio depending on the amount of savings and can therefore only spend a fraction of the money made from player departures.